The funds returned are reportedly just under 27.7 Bitcoins (BTC), which were stolen in August 2016 in a hack that involved the theft of around 120,000 BTC in total.

At the time, Bitfinex reportedly generalized the losses across all accounts and credited BFX tokens, one per every dollar lost, to those affected by the hack. These tokens could be redeemed for one dollar each or exchanged for the company’s stocks. The holders who chose to convert into stocks also received Recovery Right Token (RRT) tokens, while all BFX tokens were then destroyed.

Since some of the stolen coins have been received, Bitfinex notes that they are now reportedly being converted to U.S. dollars and paid to RTT holders.

According to the announcement, Bitfinex was first alerted that the U.S. government had obtained access to funds believed to be proceeds from the hack in November last year.

Since the beginning of 2019, the crypto community has already experienced at least one large-scale hack of an exchange.

Also, in November last year, the recently reopened Japanese crypto exchange Coincheck, which had lost over $520 million in a hack in January 2018, announced it had resumed NEM (XEM) crypto token trading after a restructuring of its platform by external security experts.

18 Comments

mathias scortecci

This is good news for Bitfinex. Hackers punished and Bitcoins returned to the owner

Joe True

This is real luck. Honestly, I did not expect to see the return of stolen Bitcoins 3 years after the bitfinex hacking

Samir Va

get rid of haters Bitfinex - I think you can do it, they really piss me off with their old and refuted arguments

Tousif Haji

Can you imagine that all the people who really think that they know crypto spread fake news about Bitfinex, but fortunately in wont lead to bad consequences for the platform

Vikram Sharma

Bitfinex knows all the right ways to succeed within the crypto sphere and acts upon this knowledge, so I will continue supporting this platform without a doubt

عبد الناصر عماره

me too! i remember when i joined crypto i used bitfinex. and since that time this platform has never let me down. its an important proof for me to continue using bf

Nazrul Islam Naim

I am pleased to see Bitfinex progress without any pauses or breaks, constant evolution is the fate of any high-quality platform

Dil Jeen

I like Bitfinex for the nice blend of affordable fees and decent service. Not all of the tradings can let themselves such features.

Zosimo R Caballero Jr

Bitfinex truly knows how to persevere, it is clear that this exchange will keep on fighting until it finds its place at the very top

Atif Shahzad

2019 has treated Bitfinex amicably so far, and I assume this trend will remain the same

Agustin Cid

There is a chance for Bitfinex to gain quite a lot this year, everything they require for that is already available

Anh Duy

If we talk about Bitfinex, it is quite obvious that its achievements will remain the same, no matter what some envious users may claim

Daniela Muratovic

Don’t think we can trust all those critics – Bitfinex and its’ results show how wrong they are

Bagus Aja

I know that Bitfinex is not a scam, bubble or something like that. Feeling of safety is the most valuable thing for me here.

Johnny Crust

ye it seems that for now Bitfinex might be the thing for me to choose, with all the climbing numbers, positive reviews and stuff

Jagmohan Dumolia

well judging from my experience, Bitfinex support is an alright bunch, much better than some folks from other platforms that truly made me sick...

Slobodan Milutinovic

Respect and reputation are vital within crypto, which is why Bitfinex does what it can to protect its image, as we can see

Marian Bruce

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